Laws of Bangladesh

The Khulna Development Authority Ordinance, 1961 (East Pakistan Ordinance)

( Ordinance NO. II OF 1961 )

Chapter V



Application of capital account
61. The moneys credited to the capital account shall be held by the Authority in trust, and shall be applied to-
(a) meeting all costs of framing and executing improvement, development and re housing schemes;
(b) meeting the cost of acquiring land for carrying out any of the purposes of this Ordinance;
(c) meeting the cost of constructing buildings required for carrying out any of the purposes of this Ordinance;
(d) the repayment of loans from money borrowed in pursuance of clauses (c), (d) and (e) of sub-section (2) of section 46;
(e) making, or contributing towards the cost of making, surveys in pursuance of section 44;
(f) meeting such proportion of the cost of management as the Authority may, with the sanction of the Government, fix in this behalf; and
(g) temporarily making good the deficit (if any) in the revenue account at the end of any financial year.

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